One of India’s richest states says Trump tariffs causing 'irreparable damage'

Economic Impact - Tamil Nadu is experiencing an "escalating crisis" due to high US tariffs, which have led to a significant economic setback for small and medium enterprises, pushing many to the "brink of collapse" [1][7] - The daily revenue loss in Tamil Nadu is estimated at 600 million rupees (approximately $6.7 million), with a staggering wipeout of 150 billion rupees in confirmed orders in the Tiruppur district, resulting in production cuts of up to 30% [7] Export Contributions - Tamil Nadu contributes 28% to India's textile exports, employing around 7.5 million people in the sector, while the leather and footwear industry contributes 40% to the nation's sectoral exports and employs over one million workers [5][7] - The state is a major exporting hub for textiles, electronics, leather and footwear, and automobiles, competing with countries like Vietnam and Mexico [4][7] Trade Relations - The high tariffs imposed by the US, reaching 50% on Indian goods, have severely impacted labor-intensive sectors such as textiles, gems and jewelry, and leather and footwear, prompting the federal government to implement relief measures for exporters [7] - Despite ongoing negotiations between India and the US, there is no clear indication of a resolution to the tariff issue, which is described as a looming humanitarian challenge due to the irreparable damage caused [3][7]